of the few companies where there is actually more demand than there is supply,” Lewis explains. “You are looking at earnings growth of about 8% this year, and when the economy picks up, companies like Harley-Davidson can always ramp up their production to meet the demand.”
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F. Douglass Lewis Jr.’s Private Screening Picks |
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| Company Exchange: Symbol |
Price* | 12-to-18 Month Price Target |
P/E on Projected 2003 Earnings |
Est. 5-Yr. Annual EPS Growth Rate |
Why Stock Will Outperform |
| Altria Group NYSE: MO |
$35.04 | $40 | 7.3 | 9.7% | Altria should realize 10% to 12% earnings growth because of strong tobacco sales overseas. |
| Microsoft Nasdaq: MSFT |
26.57 | 32 | 24.6 | 13.9 | Will maintain a 90% market share of operating systems that run computers and grow revenues with Xbox and MSN online. |
| First Data NYSE: FDC |
37.93 | 45 | 22.3 | 15.4 | Business for First Data is set to increase in U.S., India, and China. |
| Harley-Davidson NYSE: HDI |
41.06 | 49 | 20.5 | 18.6 | More demand for Harley-Davidson motorcycles than supply. Revenues will increase. |
| *AS OF MARCH 21, 2003 SOURCES: F. DOUGLASS LEWIS JR., FDL FINANCIAL SERVICES; MORNINGSTAR INC.; YAHOO! FINANCE; ZACKS INVESTMENT RESEARCH |
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